First year start date delays?
Posted: Fri Sep 16, 2022 2:32 am
Heard Gunderson pushed back their first year start date from mid-October to TBD. Are any other firms doing this?
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How much is the monthly stipend?Anonymous User wrote: ↑Sat Sep 24, 2022 10:47 amCan confirm this is true. Gunderson delayed start date until January. 1st years will get a monthly stipend until then
Heard $12K/mo. Pretty generous!Anonymous User wrote: ↑Sat Sep 24, 2022 12:00 pmHow much is the monthly stipend?Anonymous User wrote: ↑Sat Sep 24, 2022 10:47 amCan confirm this is true. Gunderson delayed start date until January. 1st years will get a monthly stipend until then
Don’t have to pay health insurance - and that work will be done by second/third years at higher rates. No point in onboarding first years if tons of existing associates are pacing under 100 a month.Anonymous User wrote: ↑Sun Sep 25, 2022 12:04 pmThat just sounds really bizarre. Hod is it cheaper to pay 2/3 salary instead of just training and billing out at much as you can. If the bottom really falls out of the economy, you can always just fire them later. (Although, a reputable firm should keep reserves to weather a recession...)
Yeah OK benefits and overhead etc, probably closer to 1/2 not 2/3. Maybe less. Still a decent amount of money to spend for no return. Not to mention the PR hit. Plus, it's cruel. I know people from the GFC who got delayed and delayed until they ended up unemployed, a year out of law school, with a gap on resume. Either hire them or fire them.Anonymous User wrote: ↑Sun Sep 25, 2022 2:13 pmDon’t have to pay health insurance - and that work will be done by second/third years at higher rates. No point in onboarding first years if tons of existing associates are pacing under 100 a month.Anonymous User wrote: ↑Sun Sep 25, 2022 12:04 pmThat just sounds really bizarre. Hod is it cheaper to pay 2/3 salary instead of just training and billing out at much as you can. If the bottom really falls out of the economy, you can always just fire them later. (Although, a reputable firm should keep reserves to weather a recession...)
Yes, can confirm at least on the West Coast things are very slow.Anonymous User wrote: ↑Sun Sep 25, 2022 4:51 pmAt Cooley/Fenwick/WSGR, ecvc is quite slow right now so I’m sure Gunderson is also slow as well.
Assuming that Gunderson sticks to the Jan date and doesn't defer further I would love this - could travel all over the world nicely on 6k a month, especially with the rise in the value of USD.Anonymous User wrote: ↑Sun Sep 25, 2022 5:48 pmI’ve heard west coast associates are struggling to get to 100 hours/month. I’ve heard east coast is better.
Also, I heard that the firm is giving $6000/month (not $12,000).
Agreed. A 20k international vacation with a job offer at the end? sounds like a once in a lifetime opportunity.Anonymous User wrote: ↑Sun Sep 25, 2022 6:35 pmAssuming that Gunderson sticks to the Jan date and doesn't defer further I would love this - could travel all over the world nicely on 6k a month, especially with the rise in the value of USD.Anonymous User wrote: ↑Sun Sep 25, 2022 5:48 pmI’ve heard west coast associates are struggling to get to 100 hours/month. I’ve heard east coast is better.
Also, I heard that the firm is giving $6000/month (not $12,000).
Given the context of the start delay (if true), it'd be less than prudent for a recent graduate to spend that stipend on a lavish trip around the world.Anonymous User wrote: ↑Sun Sep 25, 2022 6:35 pmAssuming that Gunderson sticks to the Jan date and doesn't defer further I would love this - could travel all over the world nicely on 6k a month, especially with the rise in the value of USD.Anonymous User wrote: ↑Sun Sep 25, 2022 5:48 pmI’ve heard west coast associates are struggling to get to 100 hours/month. I’ve heard east coast is better.
Also, I heard that the firm is giving $6000/month (not $12,000).
And yet S&C and others got drilled for 20k + offers for cancelling the 2020 summer lolAnonymous User wrote: ↑Mon Sep 26, 2022 2:36 amAgreed. A 20k international vacation with a job offer at the end? sounds like a once in a lifetime opportunity.Anonymous User wrote: ↑Sun Sep 25, 2022 6:35 pmAssuming that Gunderson sticks to the Jan date and doesn't defer further I would love this - could travel all over the world nicely on 6k a month, especially with the rise in the value of USD.Anonymous User wrote: ↑Sun Sep 25, 2022 5:48 pmI’ve heard west coast associates are struggling to get to 100 hours/month. I’ve heard east coast is better.
Also, I heard that the firm is giving $6000/month (not $12,000).
Except most summers got paid ~$40K and summer programs are basically a vacation anyways. (Although maybe not at S&CAnonymous User wrote: ↑Mon Sep 26, 2022 4:25 pmAnd yet S&C and others got drilled for 20k + offers for cancelling the 2020 summer lolAnonymous User wrote: ↑Mon Sep 26, 2022 2:36 amAgreed. A 20k international vacation with a job offer at the end? sounds like a once in a lifetime opportunity.Anonymous User wrote: ↑Sun Sep 25, 2022 6:35 pmAssuming that Gunderson sticks to the Jan date and doesn't defer further I would love this - could travel all over the world nicely on 6k a month, especially with the rise in the value of USD.Anonymous User wrote: ↑Sun Sep 25, 2022 5:48 pmI’ve heard west coast associates are struggling to get to 100 hours/month. I’ve heard east coast is better.
Also, I heard that the firm is giving $6000/month (not $12,000).
Travel also wasn't a thing during summer 2020.Anonymous User wrote: ↑Mon Sep 26, 2022 4:39 pmExcept most summers got paid ~$40K and summer programs are basically a vacation anyways. (Although maybe not at S&CAnonymous User wrote: ↑Mon Sep 26, 2022 4:25 pmAnd yet S&C and others got drilled for 20k + offers for cancelling the 2020 summer lolAnonymous User wrote: ↑Mon Sep 26, 2022 2:36 amAgreed. A 20k international vacation with a job offer at the end? sounds like a once in a lifetime opportunity.Anonymous User wrote: ↑Sun Sep 25, 2022 6:35 pmAssuming that Gunderson sticks to the Jan date and doesn't defer further I would love this - could travel all over the world nicely on 6k a month, especially with the rise in the value of USD.Anonymous User wrote: ↑Sun Sep 25, 2022 5:48 pmI’ve heard west coast associates are struggling to get to 100 hours/month. I’ve heard east coast is better.
Also, I heard that the firm is giving $6000/month (not $12,000).)
Given the strength of the dollar, staying in hotels or airbnb for months on end abroad would probably be about as much as rent in a big US city (not Texas).Excellent117 wrote: ↑Mon Sep 26, 2022 4:15 pmGiven the context of the start delay (if true), it'd be less than prudent for a recent graduate to spend that stipend on a lavish trip around the world.Anonymous User wrote: ↑Sun Sep 25, 2022 6:35 pmAssuming that Gunderson sticks to the Jan date and doesn't defer further I would love this - could travel all over the world nicely on 6k a month, especially with the rise in the value of USD.Anonymous User wrote: ↑Sun Sep 25, 2022 5:48 pmI’ve heard west coast associates are struggling to get to 100 hours/month. I’ve heard east coast is better.
Also, I heard that the firm is giving $6000/month (not $12,000).
Not all vacations require international or even domestic travel. Seems besides the point that while S&C paid summers 20K to do nothing, other firms paid summers 40K to pretty much do nothing as well.Anonymous User wrote: ↑Mon Sep 26, 2022 5:04 pmTravel also wasn't a thing during summer 2020.Anonymous User wrote: ↑Mon Sep 26, 2022 4:39 pmExcept most summers got paid ~$40K and summer programs are basically a vacation anyways. (Although maybe not at S&CAnonymous User wrote: ↑Mon Sep 26, 2022 4:25 pmAnd yet S&C and others got drilled for 20k + offers for cancelling the 2020 summer lolAnonymous User wrote: ↑Mon Sep 26, 2022 2:36 amAgreed. A 20k international vacation with a job offer at the end? sounds like a once in a lifetime opportunity.Anonymous User wrote: ↑Sun Sep 25, 2022 6:35 pmAssuming that Gunderson sticks to the Jan date and doesn't defer further I would love this - could travel all over the world nicely on 6k a month, especially with the rise in the value of USD.Anonymous User wrote: ↑Sun Sep 25, 2022 5:48 pmI’ve heard west coast associates are struggling to get to 100 hours/month. I’ve heard east coast is better.
Also, I heard that the firm is giving $6000/month (not $12,000).)
Lol how is it beyond the point that all other firms offered double the compensation of S&C? That's like the only point of this job - the money. What kind of weird apologist S&C post is this?Anonymous User wrote: ↑Mon Sep 26, 2022 8:31 pmNot all vacations require international or even domestic travel. Seems besides the point that while S&C paid summers 20K to do nothing, other firms paid summers 40K to pretty much do nothing as well.Anonymous User wrote: ↑Mon Sep 26, 2022 5:04 pmTravel also wasn't a thing during summer 2020.Anonymous User wrote: ↑Mon Sep 26, 2022 4:39 pmExcept most summers got paid ~$40K and summer programs are basically a vacation anyways. (Although maybe not at S&CAnonymous User wrote: ↑Mon Sep 26, 2022 4:25 pmAnd yet S&C and others got drilled for 20k + offers for cancelling the 2020 summer lolAnonymous User wrote: ↑Mon Sep 26, 2022 2:36 amAgreed. A 20k international vacation with a job offer at the end? sounds like a once in a lifetime opportunity.Anonymous User wrote: ↑Sun Sep 25, 2022 6:35 pmAssuming that Gunderson sticks to the Jan date and doesn't defer further I would love this - could travel all over the world nicely on 6k a month, especially with the rise in the value of USD.Anonymous User wrote: ↑Sun Sep 25, 2022 5:48 pmI’ve heard west coast associates are struggling to get to 100 hours/month. I’ve heard east coast is better.
Also, I heard that the firm is giving $6000/month (not $12,000).)